My First Million #65 - Q&A with Andrew Wilkinson, Co-founder of Tiny
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Apr 15, 2020 
Join Andrew Wilkinson, co-founder of Tiny, a company that seeks to hold internet businesses forever. He delves into the art of finding trustworthy CEOs and shares his admiration for icons like Warren Buffet. Andrew discusses the importance of personal connections in business, lessons learned from failures, and the journey from running one company to managing multiple. He offers insights on acquiring clients in challenging sectors and emphasizes the need for networking across industries, all while maintaining a focus on family and personal growth.
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Hiring CEOs
- Source CEOs through your network for potential hires.
- Look for people who have already achieved what you want them to do, like hiring an experienced carpenter for building a deck.
Mental Models
- Charlie Munger's "latticework of mental models" can provide shortcuts for better decision-making.
- Understanding concepts like availability bias and incentive-caused bias can improve judgment.
Restaurant Failure
- Andrew Wilkinson's biggest failure was starting a restaurant, underestimating the hard work and thin margins.
- This experience taught him to appreciate the scalability and higher potential of internet businesses.
